Recent Share Repurchase by Nokia Corporation

Stock Exchange Release on 22 October 2024

On 22 October 2024, Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) announced the repurchase of its own shares with the following details:

Trading venue (MIC Code): XHEL

Number of shares: 1,523,949

Weighted average price / share, EUR: 4.37

Trading venue (MIC Code): CEUX

Number of shares: 400,000

Weighted average price / share, EUR: 4.36

The total number of shares repurchased was 1,923,949 with a weighted average price of 4.37 EUR.

This share repurchase is part of Nokia’s ongoing share buyback program that aims to return up to EUR 600 million of cash to shareholders over a period of two years. The program began on 20 March 2024.

Impact on Individual Investors

Individual investors holding Nokia shares may benefit from the share repurchase program as it could potentially increase the value of their investment and enhance overall shareholder value. It also demonstrates Nokia’s confidence in its business and commitment to returning cash to its shareholders.

Global Impact

From a global perspective, Nokia’s share repurchase program could have a positive effect on the overall market sentiment as it signals the company’s financial stability and growth potential. It could also attract more investors to the tech sector, contributing to market growth and stability.

Conclusion

In conclusion, Nokia’s recent share repurchase is a strategic move that benefits both individual investors and the global market. By returning cash to shareholders and demonstrating confidence in its business, Nokia is paving the way for future growth and success.